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Rock-Tenn Completes Southern Container Acquisition

Thu, 03/06/2008 - 5:50am
Edited by Manufacturing.net Staff
NORCROSS, Ga. — Rock-Tenn Co. announced it has completed its previously announced acquisition of Southern Container Corp.
 
Southern Container manufactures containerboard and corrugated packaging. With the acquisition, Rock-Tenn becomes the eighth largest manufacturer of containerboard in North America.
 
Rock-Tenn financed the acquistion with $1.4 billion in new financing, including $1.2 billion of new senior secured credit facilities and $200 million of 9.25 percent senior notes due 2016.
 
Rock-Tenn has pro forma annual net sales of approximately $2.9 billion and operating locations in the United States, Canada, Mexico, Chile and Argentina. 
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